Spinvox is set to be taken over by a US speech recognition firm days before it is due to repay a £30m bridging loan, The Times reports.
Spinvox hit the skids last summer, when it emerged that its speech to text service had been powered in large part by humans, rather than computers.
In August, one of its backers, John Botts, …

How predictable

It's all part of Nuance's long campaign to buy up every speech technology company in existence, regardless of their profitability or technological merit (maybe they have a patent for transcribing texts, or something equally vague that Nuance could monetise). Soon if you want to speak at all, you'll have to do it to Nuance software/devices. Apparently this doesn't pose any competition/anti-trust worries.